Why is it harder to retire today? Prioritize your retirement savings

No Retirement Savings
Why Is It Harder To Retire Today?

Retiring years Not So Golden

At one time in our life  retirement was a given, and eagerly anticipated final chapter after years of working hard.

While some people might choose to stay in the workforce a while longer , many look forward to leaving the daily grind of going to work.

But  in today’s  world, enjoying one’s dream of golden years work-free has become an unattainable dream for many

According to a Northwestern Mutual study, nearly 8 in 10 Americans are extremely or somewhat concerned about affording a comfortable retirement

Here are some of the cause that is  impacting our ability to retire comfortably in our retirement years.

Life expectancy is longer

People are living longer due to the rapid advancement in modern medicine our lifespan has been  extended by some 30 years and according to Danielle Roberts, a Medicare expert and co-founder of Boomer Benefits, this means we boomers   have to save for a longer lifespan in retirement,

Danielle Roberts says “Our retirement savings must factor in housing expenses, utilities, lifestyle and healthcare costs, which many Americans just aren’t prepared for financially by the time they reach 65,”

Education Costs More

Another big reason why  retirement is harder now than in prior generations is the spiraling cost of higher education

And many boomers  have prioritized paying for putting their kids through the college of their choice over their own retirements

And this also includes student loans, with the cost of education getting higher students are likely to apply for a student loan.

And parents are sharing in this cost by taking on this debt either in part or in full and in so   saving for retirement is put on the back burner.

Social Security

With the cost of living getting higher the money what we get from our social security is not sufficient and with the constant rumor that social security will soon end it is best to put too much emphasis on social security when thinking about retirement.

Part Time Income Earner

It is always a good idea to have an extra source of income whenever possible, as this extra income will allow you to pay down your debt and allow some savings.

But it must be remembered that these sources of earning usually do not have any retirement benefits, so we need to look out for ourselves, we have to take all the necessary steps to make sure our retirement is comfortable.

If you are a few years from retirement and you need to add some security to your retirement account I would recommend  looking into owning your own business.

Online Marketing

Online Marketing is one of the best ways to earn a good income without any of the hassle that goes along with owning a physical business.

Online marketing is cost effective, (you can become a member of one of the best training  platform for free here)

There is no keeping of inventory. No shipping, no return to handle, no customer service, there is none of the usual headaches of owning a brick and mortar business,

Just in case you are not sure what online marketing is here is the meaning from Wikipedia

Affiliate marketing is a type of performance-based marketing in which a business rewards one or more affiliates for each visitor or customer brought about by the affiliate’s own marketing efforts.

But before you earn money, you will need to create your niche website and then work to get  traffic to your website.

Without a website, without content, and without traffic, the MONEY part simply doesn’t happen. And because of  this fact  I would like to tell you about Wealthy Affiliate.

Wealthy Affiliate

Wealthy Affiliate is (in my opinion) one of the best training platform, but this platform is not only for training but it is for every online marketer, whether you are new to affiliate marketing, have some knowledge about affiliate marketing or you are a super affiliate marketer (making over $7000.00 per month.)

At Wealthy Affiliate you will be taught how to transform your passion, hobbies, or ideas into a profitable business,

Here is a video How to make money on line this is lesson 2 of our 10 lessons or phase 1 of the best training course there is and this  is available to you when you become a free member.

Understanding how to make money
Understanding how to make money Lesson 2 phase 1

Being a free member you have access to two websites, 12 themes to choose from for your websites at the end of these 10 lessons you will have a beautiful looking, mobile, and revenue ready website. State of the art, ultra powerful and secure hosting will allow you to grow your business

There is also the premium membership, and I would encourage you to upgrade to the premium membership, the premium membership has so much more to offer, there are more opportunities to have many more streams of income

Yes being a premium does cost but when compared to the great tools and information given to assist you in reaching your goals the cost is well worth it.


You can read all about Wealthy Affiliate here, I hope you will see the great value in investing in Wealthy Affiliate to own your own online business.

I am in no way saying that you will be able to make a lot of money overnight, no affiliate marketing like any business takes time.

You are going to need time to earn the trust of your audience, just like any other business.

And as in any venture you will need to put in  hard work, perseverance, learning, studying, sacrifice and most of all be patient, your business will be successful  but it takes time.


There is no cost in becoming a member of Wealthy Affiliate, you can become a member build your website, following the video training it only takes 30 seconds, and see if it is something you could do,

If it is you can continue, remember there is no expiration date in being a free member, I have seen members remaining free members for a long time, I do not know just how successful they were staying a free member.

Wealthy Affiliate has been around for almost 15 years, and the members here are from 193 countries, and number about 1.4 million, I invite you to try affiliate marketing, you will never know if you would like it if you do not at least try.

Joining the free membership you will not be asked for any financial information you will only be  asked for your name.and email address, so there is no fear that you will be credited for anything.

Please do not let fear of the unknown keep you from experience the feeling of owning your own online business.

I understand the fear, I also had that fear, I was a senior in my 70s had no prior knowledge of online marketing and no computer skills.

But with the training videos which is done in a manner that you do the lessons at your own pace. And the videos are always available for you to revisit at any time.

There is also a community made up of like-minded people who are willing to assist you in any way we can, in this way you will never be alone there is always someone around to assist you.

So why not give it a try, you have nothing to lose, and a lot to gain. And you can become a free member by clicking on any of the links in this post and I will be your personal coach.

Thank you for reading my post, I really appreciate it,  and if you have a question or a comment please leave it in the space provided in at the end of this post and I will reply ASAP, please  remember to share this post thank you.

NOTE:  This post includes affiliate links, which, if clicked on and a product purchased, I get a small commission (with no increase in cost to you).

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6 thoughts on “Why is it harder to retire today? Prioritize your retirement savings

  1. I appreciate your site. Very similar in nature to mine. As we are in our senior years, I’m still working, but will never retire if I don’t do something to create a cushion. Great site…I look forward to watching it grow.

    1. Thank you, Beth, for your comment, unfortunately, I was forced to retire, because of an accident that left me slightly disabled, but I am thankful that I am given the opportunity to make some money to assist in my living expenses. Thank you for your comment and I wish you success in your business.

  2. I am a millennial and one of many that never thought about saving until I was 30. My wife was very concerned and she helped me get my act together when it came to my finances. And many of the points you mentioned above were also her biggest fear.

    I can’t stress enough how much having a passive income source helped with getting my financial act together. I too started a blog and bring in money each month that goes directly into our savings account and gets invested. The stress relief from the side income is incredible.

    1. Ben, I am so happy you have taken the approach to start saving at the age of 30, unfortunately, in my former job as a CNA I have seen s many seniors with nothing saved and no family, I am fortunate to have this experience to make some extra money to assist me as I myself do not think I have enough saved. It is my hope that more seniors take the opportunity to start their own business. Thank you so much for your comments and I do wish you all the best. I

  3. Ben, interesting topic here indeed. I didn’t even consider saving my money until my mid twenties after reading some investing books by some of the all time wealthiest people who all funnily enough started saving as soon as they entered the work force. You definitely hit the nail on the head with this one my friend.
    All the best.

    1. Thank you so much for your comment, I think it is awesome that you started saving n your twenties, I wish the younger generation would take this step and not wait until they are nearing retirement to start saving, I am afraid that would be too late. Wishing you success.

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